Media Digest (10/8/2010) Reuters, WSJ, NYT, FT, Bloomberg

Media

Published: October 8, 2010 4:06 am

Last Updated: October 8, 2010 5:34 am

Reuters: The federal government will supply states with $1.5 billion in funds for small businesses.

Reuters: Financial leaders around the world have begun to work to stop a currency war.

Reuters: Japan will continue currency intervention.

Reuters: Microsoft (NASDAQ: MSFT) will license some patents for Hewlett-Packard’s (NYSE: HPQ) Palm.

Reuters: The United Arab Emirates (UAE) says it has resolved its differences with Research In Motion (NASDAQ: RIMM) over BlackBerry use.

Reuters: Adobe (NASDAQ: ADBE) shares rose on rumors it could be bought by Microsoft (NASDAQ: MSFT).

Reuters: Sanofi-Aventis shares fell as it continued it pursuit of Genzyme (NASDAQ: GENZ).

Reuters: The head of Potash (NYSE: POT) once again rejected a bid from BHP Billiton (NYSE: BHP).

WSJ: More questions came up about whether BP plc (NYSE: BP) allowed its analysis of the Gulf disaster to be tainted by an internal review.

WSJ: The fall of the dollar further angered some world leaders ahead of an IMF meeting.

WSJ: The Justice Department has begun to examine charges of bribery by Schlumberger in Yemen.

WSJ: The FDIC will announce new rules for the break-up of failed banks.

WSJ: The government will tell HSBC (NYSE: HBC) to improve risk management.

WSJ: Amazon.com (NASDAQ: AMZN) opened an app store for Android to compete with one operating by Google Inc (NASDAQ: GOOG).

WSJ: MGM will declare bankruptcy.

WSJ: Moody’s may upgrade China’s bonds.

WSJ: Quarterly sales rose at Alcoa (NYSE: AA).

WSJ: The federal deficit should be below $1.3 trillion for the current fiscal.

WSJ: Toyota Motor (NYSE: TM) will launch a new Prius model.

WSJ: News organizations will build apps for the new Samsung Galaxy tablet PC.

WSJ: Electronic trading of the yuan will begin soon.

WSJ: US companies have begun to slow lay-offs but have not begun to add workers.

WSJ: The Social Security Administration sent 89,000 checks to dead people.

WSJ: Both US parties have begun to criticize China.

WSJ: The ECB left rates flat and pressed for more austerity programs.

WSJ: Greece will begin to sell some of its national assets to the private sector.

WSJ: China will try to consolidate steel companies to improve quality production.

WSJ: Restaurants have begun to see a return of customers.

WSJ: S&P set GM’s ratings above Ford’s (NYSE: F).

WSJ: Novartis set a deal to speed vaccine production.

WSJ: Nokia (NYSE: NOK) has begun work to lure mobile software applications developers.

WSJ: Private equity firms have had recent trouble raising money.

WSJ: China sold off some of its investment in Japanese assets.

NYT: Companies with junk ratings are able to raise money in a low interest rate period.

NYT: GM will be able to pay low wages at a plant which will build small cars.

NYT: S&P says nations will have to cut retirement benefits.

Bloomberg: Germany’s exports fell.

Bloomberg: BRICs opposed the US on currency controls.

Douglas A. McIntyre

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